TechnologyWhat you need to know about Zara's massive global e-commerce push
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Despite becoming one of the world’s most successful fashion brands by being faster and more responsive to shoppers than most of its competitors, Zara dragged its feet joining shoppers online. It wasn’t until 2010 that the company finally launched e-commerce—(paywall) its online rival ASOS got running. Even then, it was a bit slow rolling it out beyond its core markets.
The fast-fashion label and its parent company, Inditex, are quickly making up for lost time, though. The company has been in the midst of a rapid global, which makes up about 70% of its business, and its other brands as it seeks to revive its weakening sales.
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Since March, Zara has launched online sales in Brazil, Indonesia, Serbia, Morocco, Egypt, Saudi Arabia, Lebanon, Israel, Bahrain, Oman, Kuwait, Qatar, Jordan, and the United Arab Emirates. Between September and October, it plans to go online in Colombia, Ukraine, South Africa, and the Philippines.
In 2018,(pdf, p. 20) that the number of markets where its brands offered online sales reached 156. The number where they had stores stayed steady at 96. Though , online sales grew more than a quarter to reach 12% of Inditex’s total business.
The brand has been under pressure to innovate as customers change how they shop and a crop ofrises up. One, the British retailer Boohoo, reported earlier this year that annual sales surged 48% to £857 million (about $1.1 billion)—far shy of Zara’s sales, but growing fast nonetheless. In addition to boosting its online sales, Zara has been updating its physical shops to integrate digital technology and to focus on opening bigger, better spaces.
More than 130 U.S. companies have reportedly applied to sell to Huawei, but the Commerce Department has approved none of them
Trump said in July that some U.S. suppliers would be allowed to sell to Huawei while it remains blacklisted, but so far no vendors have been allowed to do so. Reuters reports that more than 130 applications have been submitted by companies that want to do business with Huawei, but the U.S. Commerce Department has not approved any of them yet. Huawei has served as a bargaining chip in the U.S.-China trade war, which escalated again last week when Trump said he would adds tariffs to $550 billion worth of Chinese imports, after China said it would impose duties of $75 billions on U.S. goods. Trump’s mixed signals during this weekend’s G7 summit also created confusion on Wall Street.
The company says both have helped. Inditex’s total salesto €12.8 billion ($14.1 billion) in the six months through July, a rebound from the 3% it recorded during the same period last year, at the time marking Inditex’s slowest sales growth in more than a decade. On a call with investors to discuss Inditex’s earnings for the first half of 2019, CEO Pablo Isla Álvarez de Tejera noted that sales at stores and on e-commerce operating at least a year grew 5%, “with positive like-for-like growth across all geographical areas, across all concepts and importantly, in both physical stores and online.” Net income also grew 10%.
But like other fast-fashion giants, such asand , Inditex’s margins, which indicate profitability, are dragging lately. Currency effects are one issue, and weak full-price sales. It somewhat in sales as analysts wonder how Zara can improve its profitability.
Sale Zara winter 2019: the 5 pieces we absolutely need
The winter sales begin today for our greatest happiness. And because Zara is obviously one of the first brands to be rushed to find parts at prices even softer than sweet, we have selected for you 5 nuggets to shop without delay.Checked coat
Because this is THE room to have in his dressing this winter. It's not the science that says it but the it-girls, so it counts.
Checked coatSeventies jeans 89,99 € instead of 129 €
To change some of the classic denim and get in the colors of autumn.
Camel denim trousersA pair of black ankle boots 25,99 € instead of 39,95 €
Because it is a must and it goes with everything .
Z189,99 € instead of 119 €
belt dress To always look well dressed. It is worn in the evening or in the day, with heels or flat.
Belted dressA shopper bag couture 29,99 € instead of 59,95 €
Because it's really fashionable and it's always more chic than a shopping cart to do his shopping.
29,99 € instead of 39,95 €
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BEIJING (AP) — Fees paid by China to the United States and other countries to deliver packages will nearly triple through 2025 under an agreement by the global postal union following complaints by Washington, the Chinese post office said Tuesday. Payments will rise 27% next year and by 164% in total through 2025 under the Sept. 25 agreement by members of the Universal Postal Union, the State Postal Bureau said in a statement.
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